The Brief Archives - ecommerceIQ - Ecommerce in Southeast Asia, Reports, Data, Insights

[9.25] Morning Round-Up: Thailand to Become JD.com’s Ecommerce Hub in Southeast Asia

September 25, 2017

Here are the ecommerce headlines you should know: 1. Thailand to become JD.com’s ecommerce hub for mainland SEA, while Indonesia the center of island SEA In the wake of the news of a joint-venture between JD.com and Central…

[9.22] Ecommerce News You Should Know: EMTEK and Ant Financial Lovechild is Ready for Launch in Indonesia

September 22, 2017

Here’s what industry leaders are reading: 1. Trust issues hold back ecommerce growth in the Philippines A distrust of accountability in the online retail space is hampering the industry’s growth as 80% of Filipino online shoppers prefer…

[9.22] Morning Round-Up: Ecommerce in Thailand Will be Tripled to $63B in 2022

September 22, 2017

Here’s what you should know: 1. DEPA sees ecommerce triples, partners with Thailand Post Thailand’s Digital Economy Promotion Agency (DEPA) projects the retail ecommerce value in the country will reach $63 billion (THB 2.1 trillion) in…

[9.21] Ecommerce News You Should Know: East Ventures Raised $30M for Indonesia-Focused Fund

September 21, 2017

Here’s ecommerce headlines you shouldn’t miss today: 1. P&G joins Commerce Ministry of Thailand to train SMEs in “Retail Business 4.0” Procter & Gamble Thailand, Commerce Ministry, Thai Wholesale & Retail Trade Association, and US-ASEAN Business…

[9.21] Morning Round-Up: Toys ‘R’ Us in Asia is Unaffected its Global Company’s Decision on Bankruptcy

September 21, 2017

Here are the ecommerce news you should know this morning: 1. Mobike marks its first US entry with the debut in Washington D.C. China’s Mobike dockless bicycles are now seen on the street of Washington D.C.,…

[9.20] Ecommerce News You Should Know: Uber Investigates Illegal Dealings in Asia, Follows Bribery Claims

September 20, 2017

Here are the top ecommerce headlines you should not miss: 1. Uber notified US officials about bribery allegations in Indonesia Uber begins a review of its Asia operations and has notified US officials about payments made…

[9.20] Morning Round-Up: Singapore Will Focus on Ecommerce as ASEAN Chairman

September 20, 2017

Here’s ecommerce news you should not miss: 1. Philippine-based i-Remit encourages online shopping with Lazada Philippines’ largest non-bank remittance service provider, i-Remit, has teamed up with Lazada Philippines to give its remitters and beneficiaries benefit of online…

[9.19] Ecommerce News You Should Know: Xendit Brings Security Payments to Indonesia with CyberSource

September 19, 2017

Here are the top ecommerce headlines this afternoon: 1. Xendit teams up with CyberSource to enhance payment safety in Indonesia Indonesia’s Xendit collaborates with the leading ecommerce payment service provider CyberSource and became the first in…

[9.19] Morning Round-Up: Google Launches Payment App in India, Eyeing SEA Expansion

September 19, 2017

Here are the ecommerce headlines you should not miss: 1. Line and Dtac debut affordable digital mobile service in Thailand A network of local telecom DTAC partners with Line Thailand to launch Line Mobile, an affordable…

[9.18] Ecommerce News You Should Know: GrabPay’s New MD Will Focus on Partners Expansion

September 18, 2017

Here are the ecommerce headlines you should not miss: 1. GrabPay appoints former LINE ID Country Head as the new MD Grab confirmed the appointment of Ongki Kurniawan as managing director of GrabPay in Indonesia. He…

[9.18] Morning Round-Up: Thai Retailers Accept Alipay’s QR Code Payment with Kasikorn Bank

September 18, 2017

Here are the ecommerce headlines you should know: 1. Alipay and Kasikorn Bank partner to promote QR Code China’s Alipay and Thailand’s Kasikorn Bank allow Chinese tourists to use Alipay app to scan QR Code generated by the Kasikorn app to…

[9.15] Ecommerce News You Should Know: An Agreement Signed to Support Fintech in Malaysia and Singapore

September 15, 2017

Here are the ecommerce headlines you should be reading: 1. Malaysia and Singapore sign fintech cooperation agreement Sharing similar objective to improve the fintech sector, the Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC)…

[9.15] Morning Round-Up: Poundit Raises Funds in a Seed Round Led by Cocoon Capital

September 15, 2017

Here are ecommerce news you should know: 1. Poundit gets funding from Cocoon Capital for expansion and customer service Singapore’s Cocoon Capital has made its business debut in the Philippines, investing over $629,700 in a seed round…

[9.14] Ecommerce News You Should Know: Uber Offers Thai Commuters With Motorcycle-Hailing Service

September 14, 2017

Here’s what you should be reading: 1. Uber Thailand enables motorbike-hailing feature in its app In collaboration with several of the city’s local motorcycle-taxi stands, ride-hailing company Uber has launched UberMoto service in Bangkok. The company has…

[9.14] Morning Round-Up: Central Group Introduces Cross-Border Luxury Ecommerce via WhatsApp

September 14, 2017

Here are some ecommerce headlines this morning: 1. Central Group enables cross-border luxury ecommerce experience via WhatsApp Thailand’s retail tycoon Central Group introduces ‘the world’s first cross-border ecommerce luxury brand shopping experience’, as part of their…

[9.13] Ecommerce News You Should Know: honestbee Launches Goodship, Expanding to Logistics in Thailand

September 13, 2017

Here are today’s Ecommerce headlines you should not miss: 1. honestbee penetrates logistics sector in Thailand with honestbee Goodship honestbee officially launches its logistics service called honestbee Goodship in Bangkok today, catering deliveries for B2B and business-to-clients. Goodship…

[9.13] Morning Round-Up: Vietnam’s Dropfoods Raising $9M via ICO and Launching Its Own Cryptocurrency

September 13, 2017

Here are the key ecommerce headlines to know: 1. Nets expands into e-wallet launching new app next month Singapore’s rush to establish its national e-payment scheme prompts the country’s payment solutions provider Nets to launches the 2.0…

[9.12] Ecommerce News You Should Know: IKEA is (finally) Going Online in SG and MY, Amazon’s Hiring in China

September 12, 2017

Here are the top ecommerce news you should know: 1. Amazon’s hiring spree signals a fightback with China Amazon.com is looking to fill jobs ranging from internet software engineers to designers for Alexa, positioning the company to recoup…

[9.12] Morning Round-Up: Fashion Marketplace Zilingo Raises $17M to Expand into Indonesia

September 12, 2017

Here are the commerce headlines to know for this morning: 1. Zilingo raises $17 M Series B for expansion into Indonesia The latest round of funding was led by Burda Principal Investments and Sequoia Capital India…

[9.11] Ecommerce News You Should Know: Xiaodian Ranks Second After Mobike in Sharing Economy

September 11, 2017

Here are the ecommerce headlines for this afternoon: 1. Xiaodian leads power bank rental industry with 195% growth Power bank rental startup Xiaodian announced that its daily orders increased 195% daily use times exceeded up to 31 million in…

[9.11] Morning Round-Up: WeChat Introduces New Feature to Compete with Alibaba and Baidu in Search

September 11, 2017

Here’s what you should know: 1. WeChat rolls out ‘Top Topics’, competes with Alibaba and Baidu in search WeChat introduced a new feature called “WeChat Top Topics” in its app, showing users Internet’s trending topics based on WeChat…

[9.8] Ecommerce News You Should Know: Fave Launches Mobile Payment Feature on Its App

September 8, 2017

Here’s what you should know: 1. JD.id plans business expansion, investing in warehouses and talents China’s JD.com plans to expand its business in Indonesia through series of investment in assets, including warehouses and talents. The company is…

[9.8] Morning Round-Up: 2C2P Enables the World’s First Conversational Commerce Payment on Facebook Chat in Thailand

September 8, 2017

Here’s what you should know: 1. 2C2P launches the world’s first conversational commerce payment in Thailand 2C2P has introduced ‘Qwik’ as the first conversation commerce payment in the world that will be embedded in Facebook Messenger. The platform will…

[9.7] Ecommerce News You Should Know: Kioson Announces IPO, Becomes the First Startup Listed in IDX

September 7, 2017

Here’s what you should be reading: 1. Mobike kicks off in Malaysia China-based Mobike has partnered with a local real estate developer, S P Setia, to announce the launch of its service in Shah Alam, the capital…

[9.7] Morning Round-Up: Malaysia’s Eraman Partners with Alipay to Tap Into 4.5M Chinese Visitors

September 7, 2017

he comHere’s what you should know: 1. Eraman captures Chinese tourists with Alipay Malaysia’s largest duty-free and travel retail operator Eraman has partnered with Alipay to tap into 4.5 million Chinese visiting Malaysia annually. With the…

[9.6] Ecommerce News You Should Know: JD Opens the First Fully Automated ‘Robot Warehouse’

September 6, 2017

Here’s what you should be reading: 1. JD shows off its first-ever ‘robot warehouse’ JD has opened its brand-new facility which fully runs by automated robots and machines. It is designed to handle 9,000 online shopping…

[9.6] Morning Round-Up: MatahariMall Plans to Raise $16M from Indonesian Retailer

September 6, 2017

Here’s what you should know: 1. Grab introduces new features in Thailand, building new e-payment system Grab launched more features for users in Thailand namely JustGrab and the premium version of GrabCar service, GrabCar Plus. With JustGrab, users…

[9.5] Ecommerce News You Should Know: More Cities in China Banned New Addition to Shared Bikes

September 5, 2017

Here’s what you should be reading: 1. Agoda and Booking.com dominate Vietnam’s online tourism market Agoda and Booking.com dominate 80% of the local online hotel booking market as hotel preferred to work with renowned brands according…

[9.5] Morning Round-Up: Alibaba to Pump $200M Into Zomato

September 5, 2017

Here’s what you should know today: 1. Alibaba and Zomato in advanced talks for $2ooM investment India-based Zomato is said to be in advanced talks with Alibaba and Alipay to raise up to $200 million, potentially valuing…

[9.4] Ecommerce News You Should Know: Go-Jek, Grab, Traveloka, and EMTEK Race to Buy Fusion Payments

September 4, 2017

Here’s what you should know: 1. Go-Jek, Grab, Traveloka, and EMTEK joining forces to purchase Fusion Payments Go-Jek, Grab, and Traveloka, and Indonesia’s EMTEK Group are bidding to purchase Fusion Payments for $20 million ‘soon’. Following…

[9.4] Morning Round-Up: 11street Launches New Campaign, Aims to be No. 1 in 2022

September 4, 2017

Here’s what you should know: 1. 11street launched new campaign, aims to be No.1 in 2022 11street launched “Shocking Deals Shocking Days” campaign in Thailand to boost the existing Shocking Deals promotion which accounts for 60% of…

[9.1] Ecommerce News You Should Know: Ayala Acquired GFG’s 49% Stake in Zalora Philippines

September 1, 2017

Here’s what you should know: 1. Ayala Corp completes acquisition of GFG’s 49% stake in Zalora Philippines Philippine’s conglomerate Ayala Corp has completed the acquisition of 49% stake in Zalora Philippines from the local’s online fashion site…

[9.1] Morning Round-Up: KeyReply and Chatgrid Partners to Roll Out Chatbot in Asia and the US.

September 1, 2017

Here’s what you should know: 1. KeyReply partners Chatgrid to serve in Asia and the US. Singapore-based AI company KeyReply has partnered with US’s chatbot startup Chatgrid to launch tailored solutions in Asia and the US. The partnership will enable…

[8.31] Ecommerce News You Should Know: Thailand to be Cashless in Three Years

August 31, 2017

Here’s what you should be reading: 1. Expedia’s CFO will step up for CEO role after Khosrowshahi left for Uber Mark Okerstrom, Chief Finance Officer of Expedia will step up to the CEO and President role…

[8.31] Morning Round-Up: PayPal Launches Its Own Credit Cards to Boosts Offline Usage

August 31, 2017

Here’s what you should know: 1. PayPal boosts offline usage with its first credit cards PayPal introduced two new credit cards – PayPal Cashback MasterCard and PayPal Extras MasterCard which will be available for PayPal’s members and added automatically…

[8.30] Ecommerce News You Should Know: Toyota Joins Didi Chuxing and Softbank to Invest in Grab

August 30, 2017

Here’s what you should know: 1. Grab secures investment from Toyota for its $2.5 billion financial round Toyota has announced its decision to invest in Grab and install its driving recorders in all Grab cars to…

[8.30] Morning Round-Up: Google Continues to Roll-Out New Products in Indonesia

August 30, 2017

Here’s what you should know: 1. Alibaba fuels omni-channel retail Alibaba has invested over $8 billion in physical retailing as it believes Omni-channel is the future of retail. Like Amazon, Alibaba introduced an omnichannel supermarket – Hema which…

[8.28] Ecommerce News You Should Know: 58 Suyun Merges GoGoVan, Creating Hong Kong’s First Unicorn

August 29, 2017

Here’s what you should know: 1. Kata.ai secures $3.5 million in a Series A round Formerly known as YesBoss, the creator of Bahasa-speaking chatbots Kata.ai has raised $3.5 million in a series A financing round led by Indonesia’s MDI…

[8.29] Morning Round-Up: Singapore’s Ninja Van Finally Operates in Thailand

August 29, 2017

Here’s what you should know: 1. Singapore’s Ninja Van finally operates in Thailand Ninja Van has officially rolled out its services in Thailand, following months of partnerships preparation with Page 365, Chillindo, and Alipay. Ninja Van…

[8.28] Ecommerce News You Should Know: Uber Names Expedia Chief as CEO

August 28, 2017

Here’s what you should know: 1. Uber names Expedia chief as CEO Uber has chosen the chief executive of Expedia, Dara Khosrowshahi, to be its new CEO after the resignation of Travis Kalanick and controversies surrounding the companies. The…

[8.28] Morning Round-Up: DHL Invests $84B in Southeast Asia, Focusing in Cambodia

August 28, 2017

Here’s what you should know: 1. DHL plans to invest $84 billion in Southeast Asia, concentrate in Cambodia and Thailand DHL plans to spend $84 billion to grow its presence in Southeast Asia through 2020, with a concentration…

[8.25] Ecommerce News You Should Know: Missing Out on Tokopedia, JD Rumored to Invest in Go-Jek

August 25, 2017

Here’s what you should be reading: 1. Grab to commit $100 million to beat Uber in Myanmar Grab plan to invest $100 million over the next three years to grow in Myanmar and potentially introduce GrabPay. The…

[8.25] Morning Round-Up: China’s Suning Sees 263% Sales with Its ‘Smart Retail’ Strategy

August 25, 2017

Here’s what you should know today: 1. PayPal launched a new program to help Filipino sell their business PayPal launched a new application and program to assist micro, small and medium enterprises (MSMEs) in advancing their business…

[8.24] Ecommerce News You Should Know: Google Offers Free Wi-Fi in Indonesia

August 24, 2017

Here’s what you should know today: 1. Google offers free Wi-Fi in Indonesia ‘Google Station’ expanded its free internet connectivity to Indonesia’s by railway stations and universities to make public Wi-Fi easy, stable and affordable. Google also…

[8.24] Morning Round-Up: JD.com Teams with Central Group for $500M Ecommerce Venture

August 24, 2017

Here’s what you should read today: 1. JD.com and Central Group to launch $500M joint venture JD.com and Thailand’s Central Group are in advanced talks for an ecommerce joint venture in Thailand. With a total investment of $500 million,…

[8.23] Ecommerce News You Should Know: Jack Ma Has Officially Become Indonesia’s Ecommerce Advisor

August 23, 2017

Here’s what you should not miss today: 1. CapitaLand made pacts with two ecommerce giants this week CapitaLand has signed agreements with Alibaba Group and Lazada Group to manage Alibaba’s new Shanghai HQ and to launch e-mall on…

[8.23] Morning Round-Up: Amazon’s Goods Now Ship to Cambodia

August 23, 2017

Here’s what you should read today: 1. Amazon’s goods now ship to Cambodia Although Amazon has arrived in Southeast Asia with its Singapore presence, other countries in the region remain bereft including Cambodia. Fortunately, two local companies are filling…

[8.22] Ecommerce News You Should Know: Thailand Welcomes Spotify

August 22, 2017

Here’s what you should not miss today: 1. Thailand welcomes Spotify Spotify today announced its official launch in the land of smile despite being the market where revenue from online music has declined over 20% since 2012. Spotify…

[8.22] Morning Round-Up: Rakuten Trade Eyes to Disrupt the Stock Trading Industry

August 22, 2017

Here’s what you should know today: 1. Rakuten Trade eyes to disrupt the stock trading industry Rakuten Trade is looking to redefine the stock trading industry by allowing young traders to invest with lower incomes which were impossible…

[8.21] Ecommerce News You Should Know: 86% of Filipinos Chat the Sellers before Making a Purchase

August 21, 2017

Here’s ecommerce news should know: 1. 86% of Filipino online shoppers chatting with the sellers before buying, higher than regional average More Filipinos are switching to online shopping as online shoppers in the country is expected…

[8.21] Morning Round-Up: Airbnb Seeks Thai Government’s Support for Its Presence in Thailand

August 21, 2017

Here’s ecommerce news you should know: 1. Airbnb seeks Thai Government’s support for its presence in Thailand The co-founder and chief strategy of Airbnb, Nate Blecharczyk, recently met with Thailand’s Tourism and Sports Minister to discuss…

[8.18] Ecommerce News You Should Know: Alibaba Sees Massive Customer Growth This Quarter

August 18, 2017

Here’s ecommerce news you should know: 1. Alibaba sees massive customer growth Alibaba released its Q2 results which saw the growth of its active users to 529 million on mobile platforms and 466 million on marketplaces,…

[8.18] Morning Round-Up: Tokopedia Confirms $1.1B Investment Led by Alibaba

August 18, 2017

Here’s what you should know today: 1. Tokopedia confirms $1.1B investment led by Alibaba After months of fundraising rumors, Tokopedia confirms on its 8th anniversary yesterday that it has closed a $1.1 billion financial round. Chinese…

[8.17] Ecommerce News You Should Know: Google Test Its Lite Version in Indonesia

August 17, 2017

Here’s ecommerce news you should know: 1. Six out of 10 Filipino prefers e-payment than cash In the recent survey conducted by global payment company Visa, Filipino showed a big improvement on the electronic payment system. Six out…

[8.17] Morning Round-Up: Sale Stock Raises $27M of Series B+ Round

August 17, 2017

Here’s what you should know today: 1. Gobi Partners closed $50M for its ASEAN-focused fund China and ASEAN-focused VC firm Gobi Partners made its first close at $50 million for its new Meranti ASEAN Growth Fund. The…

[8.15] Ecommerce News You Should Know: Facebook Will Features Deals from eBay

August 16, 2017

Here’s what you should know: 1. Facebook Marketplace section will features deals from eBay Facebook announced that it will begin offering a selection of sales promotions from eBay on the mobile version of its Marketplace. Facebook…

[8.16] Morning Round-Up: Indonesia Has 81 Million of Online Shoppers

August 16, 2017

Here’s what you should know today: 1. Google Indonesia: 81 million out of 100 million internet users in Indonesia shop online Google Indonesia revealed the number of people in the country who shop through online marketplaces…

[8.15] Ecommerce News You Should Know: Member.id Raises Seed Funding from East Ventures

August 15, 2017

Here’s what you should know: 1. Member.id raises seed funding to disrupt customer loyalty program in Indonesia Customer loyalty platform Member.id has raised an undisclosed seed funding round led by East Ventures to expand its team and…

[8.14] Ecommerce News You Should Know: Baidu Teams Up with JD.com in Product Discovery

August 14, 2017

Here’s what you should know: 1. Baidu teams up with JD.com to send users straight to the checkout China’s largest search engine, Baidu, has struck a deal to funnel users looking for products to online retailer…

[8.14] Morning Round-Up: JD.com Eyes Niche Ecommerce Players in Indonesia

August 14, 2017

Here’s what you should know today: 1. President of Indonesia signed the ecommerce road map President Joko “Jokowi” Widodo has signed the long-awaited ecommerce road map that was expected to be issued at the end of…

[8.11] Ecommerce News You Should Know: Tencent, Weibo, and Baidu are Under Investigation

August 11, 2017

Here’s what you should know: 1. Chinese regulator launches investigation against Tencent, Weibo, and Baidu Chinese internet giants Tencent, Weibo, and Baidu are under investigation by Chinese government after reports of multiple violations. The Cyberspace Administration…

[8.11] Morning Round-Up: Facebook Launches Watch to Replace Its Current Video Tab

August 11, 2017

Here’s what you should know today: 1. Facebook launches Watch, a tab dedicated for video content Facebook redesigned its video platform and renamed it ‘Watch’ to replace the current video tab. Over time the, tab will…

[8.10] Ecommerce News You Should Know: Amazon Backs New Smartphone Brand Created by ex-Googler

August 10, 2017

Here’s what you should know: 1. Indonesia’s ecommerce transactions reach $5.6 billion in 2016 Bank Indonesia Governor Agus Martowardojo revealed that ecommerce transactions in the country amounted to $5.6 billion in 2016. The immense growth potential of digital…

[8.10] Morning Round-Up: Vietnam’s Online Travel Market May Reach $9 Billion in 2020

August 10, 2017

Here’s what you should know: 1. Vietnam’s online travel market is valued at $9 billion in 2020 Up to 45% of Vietnamese internet users book hotel services or air tickets, with the figure increasing by 11% annually, according to…

[8.09] Ecommerce News You Should Know: GoWabi Raises a Seed Round from 500 TukTuks

August 9, 2017

Here’s what you should know 1. Rakuten launched first fully-online platform for trading and brokerage in Malaysia Japanese company Rakuten is bringing Japan’s most downloaded online trading application, iSPEED.my, and its trading website to Malaysia. The…

[8.09] Morning Round-Up: MOBY’s Petshop raises fund to expand in Singapore

August 9, 2017

Here’s what you should know today: 1. MOBY’s Petshop raises fund to expand in Singapore Singapore-based pet supplies ecommerce MOBY’s Petshop has raised $220,500 (S$300,000) from angel investors. The company is planning to put the new fund…

[8.08] Ecommerce News You Should Know: Go-Jek Acquires Ticketing Company in Indonesia

August 8, 2017

Here’s what you should know: 1. SPH and Mediacorp launched Singapore Media Exchange Singapore Press Holdings (SPH) and Mediacorp are partnering to build a digital advertising venture called Singapore Media Exchange (SMX). SMX will offers programmatic advertising and…

[8.08] Morning Round-Up: Softbank Confirms In Talks with Flipkart

August 8, 2017

Here’s what you should know today: 1. Softbank confirms in talks with Flipkart after the failed buyout After Snapdeal walked out on the buyout deal from Flipkart, Snapdeal’s biggest investor Softbank confirms that it’s in talks with…

[8.07] Ecommerce News You Should Know: JD.com Has Acquired Tokopedia?

August 7, 2017

Here’s what you should know: 1. JD.com rumoured to acquire Tokopedia Alibaba’s biggest rival JD.com is rumoured to have acquired majority stake in Tokopedia. If the rumour is true, Tokopedia will be another Indonesian startup that…

[8.07] Morning Round-Up: Alibaba Invests $300 M in Fresh Produce Market

August 7, 2017

Here’s what you should know today: 1. Alibaba invests $300M in fresh produce market Through its B2C subsidiary Tmall, Alibaba has invested $300 million in China-based ecommerce for fresh food Yiguo.com. Yiguo delivers perishable goods to…

[8.04] Morning Round-Up: Kerry Logistics Invests $30 Million in Thailand

August 4, 2017

Here’s what you should know today: 1. Kerry Logistics invests $30 million in Thailand Logistic provider Kerry Express plans to spend at least 1 billion baht or $30 million in Thailand to expand its networks and…

[8.03] Ecommerce News You Should Know: Uniqlo Launches Vending Machines for Its Clothes

August 3, 2017

Here’s what you should know: 1. Alibaba and Tencent similarly launch campaigns to wins over cashless customers As Chinese’s adoption for cashless society grow, the competition heats up between the two leading mobile payment giants, Tencent’s WeChat Pay and Alipay by…

[8.03] Morning Round-Up: Facebook to Open Office in Indonesia

August 3, 2017

Here’s what you should know today: 1. Facebook will open an office in Indonesia Indonesia’s favorite social network site Facebook will open an office in Jakarta later this month as part of the requirements for its operation…

[8.02] Ecommerce News You Should Know: Amazon Hiring Taxis to Fulfill Demands in Singapore

August 2, 2017

Here’s what you should know: 1. Amazon hiring taxis to fulfill the demand of Amazon Prime in Singapore As the launch of Amazon’s Prime Now Singapore is met with a high demand, the company has resorted to booking taxis…

[8.02] Morning Round-Up: Singapore to Regulate ICOs Following SEC’s Announcement

August 2, 2017

Here’s what you should know today: 1. Following the US, Singapore may regulate some ICOs The US Security and Exchange Commission (SEC) announced last week that it may regulate certain crypto token sales after deemed it to be securities,…

[8.01] Ecommerce News You Should Know: Google’s Go Global Initiative Aims to Train 2,500 SMEs

August 1, 2017

Here’s what you should know: 1. Amazon is expanding to South Korea It is reported that Amazon has hired dozens of full-time employees, including marketing, sales, technical support and service support related to online shopping business in…

[8.01] Morning Round-Up: Snapdeal Calls Off $900M Takeover from Flipkart

August 1, 2017

Here’s what you should know today: 1. The first cashless convenience store in Singapore opened by Cheers Convenience store chain Cheers unveiled the first unmanned, cashless convenience store at Nanyang Polytechnic. It’s the first of its…

[7.31] Ecommerce News You Should Know: Indonesia is the Largest Instagram Users in APAC

July 31, 2017

Here’s what you should know: 1. Indonesia is the largest Instagram users in APAC Instagram claims it records more than 45 million active users every month in Indonesia and a user growth of more than 100% since last…

[7.31] Morning Round-Up: NUS Enterprise and Salim Group Launched Startup Hub in Jakarta

July 31, 2017

Here’s what you should know today: 1. HappyFresh is hitting business targets in Thailand HappyFresh Thailand announced earlier this year that it would invest over Bt200 million, or $5.9 million, to grow by more than 500%. The…

[7.28] Ecommerce News You Should Know: Malaysia Legalize E-Hailing Services

July 28, 2017

Here’s what you should know: 1. Grab starts full operations in Myanmar After four-month trial period, Grab has begun full operations in Myanmar by launching localised apps with new safety and technology features. Myanmar is the seventh market for…

[7.28] Morning Round-Up: Expedia to Invests $350 Million in Indonesia’s Traveloka

July 28, 2017

Here’s what you should know today: 1. Shoppers at Qoo10 can now insure against defective goods A new partnership between Qoo10 and local insurer NTUC Income will allows shoppers at Qoo10 Singapore to purchase insurance protection against defective or…

[7.27] Ecommerce News You Should Know: Baidu Partners with PayPal for Mobile Wallet Service

July 27, 2017

Here’s what you should know today: 1. Baidu partners with PayPal for mobile wallet service PayPal is expanding its presence on mobile by pairing up with Baidu, allowing the Chinese company’s 100 million users to make payment…

[7.27] Morning Round-Up: Amazon’s Prime Now is in Singapore, Offers Two-Hours Delivery

July 27, 2017

Here’s what you should know today: 1. Amazon Prime Now launched in Singapore offering two-hours delivery Amazon officially launched its service in Southeast Asia starting with Singapore. The company is also rolling out its express, same-day delivery Prime Now…

[7.26] Ecommerce News You Should Know: Snapdeal Accepted Buyout Deal from Flipkart

July 26, 2017

Here’s what you should know today: 1. Snapdeal accepts revised buyout deal from Flipkart Indian ecommerce company Snapdeal has accepted a takeover offer of $900 million – $950 million from its rival Flipkart. Snapdeal was once…

[7.26] Morning Round-Up: Amazon (Finally) Launched in Southeast Asia?

July 26, 2017

Here’s what you should know today: 1. Amazon’s launch in Southeast Asia could happen this week The news about Amazon’s expansion to Southeast Asia has been circulating for the past year. Latest report from TechCrunch said the…

[7.25] Ecommerce News You Should Know: Indonesia’s Bhinneka Postpones IPO to 2020

July 25, 2017

Here’s what you should know today: 1. Singapore banks go digital to help SMEs and startups DBS Bank and OCBC Bank have launched digital services to help startups and small-medium enterprises (SMEs) with their administrative process….

[7.25] Morning Round-Up: Tokopedia in Talks with Alibaba for $500 M Investment

July 25, 2017

Here’s what you should know today: 1. Tokopedia in talks with Alibaba, JD’s deal fall through? After rumoured for months about possible investment from JD.com, Bloomberg reported that Tokopedia is in talks with another Chinese ecommerce…

[7.24] Ecommerce News You Should Know: Grab is Raising $2 Billion from Didi Chuxing and Softbank

July 24, 2017

Here’s what you should know today: 1. Grab raises $2 billion from Didi Chuxing and Softbank Southeast Asian ride-hailing company Grab announced today that it’s raising $2 billion from existing investors Didi Chuxing and Softbank, Grab is…

[7.24] Morning Round-Up: Louis Vuitton Launches Ecommerce as Sales Rebound

July 24, 2017

Here’s what you should know today: 1. CNI partners with 11street to goes online 11street has announced that it has recently entered into a partnership with CNI Holdings, a direct selling company for personal wellness products…

[7.21] Ecommerce News You Should Know: Go-Jek Enables Cashless Transactions Outside Its Ecosystem

July 21, 2017

Here’s what you should know today: 1. Go-Jek is enabling Go-Pay for transactions outside its ecosystem Indonesian ride-hailing Go-Jek confirmed that it soon will allow its users to do cashless payment with Go-Pay to merchants outside of…

[7.21] Morning Round-Up: Tokopedia Confirms Fundraising Rumors

July 21, 2017

Here’s what you should know today: 1. Google Lounge is launched in Indonesia for budding entrepreneurs Google for Entrepreneurs and KIBAR announced the opening of Google Lounge in Central Jakarta. Sponsored by Google for Entrepreneurs, it’s providing…

[7.20] Ecommerce News You Should Know: honestbee Launched in Tokyo, Aimed to be a Global Marketplace

July 20, 2017

Here’s what you should know today: 1. P2P lending startup Julo raises seed funding Indonesia’s peer-to-peer (P2P) lending startup Julo raises undisclosed seed funding led by Skystar Capital, East Ventures, and Convergence Ventures. The funding will…

[7.20] Morning Round-Up: OCBC Enables P2P Funds Transfer Using QR Code

July 20, 2017

Here’s what you should know today: 1. OCBC enables P2P funds transfer using QR Code in Singapore By integrating QR code with the infrastructure in PayNow, a feature for funds transfer on OCBC Pay Anyone app, it is…

[7.19] Ecommerce News You Should Know: Amazon Launches a Shoppable Instagram Lookalike

July 19, 2017

Here’s what you should know today: 1. Indonesia’s Fabelio is seeking investors for series B Online furniture markeplace Fabelio is reportedly in talks with potential investors to finalise its Series B funding, the company is likely…

[7.19] Morning Round-Up: DHL Deploys Electric Motorbike for Ecommerce Delivery in Vietnam

July 19, 2017

Here’s what you should know today: 1. DHL deploys electric motorbike for ecommerce delivery in Vietnam Ecommerce division of DHL Group, DHL eCommerce, has launched its nationwide domestic delivery operations in Vietnam, managed by hubs and…

[7.18] Ecommerce News You Should Know: Shopee Expands to B2C Space with Shopee Mall

July 18, 2017

Here’s what you should know today: 1. Alibaba-backed Grana takes aim at Mainland China Hong Kong online fashion retailer Grana has expand to mainland China via an official store on Tmall. The company has recently scored…

[7.18] Morning Round-Up: Apple Continues to Push Apple Pay in China

July 18, 2017

Here’s what you should know today: 1. Apple continues to push Apple Pay in China Apple is launching a large-scale promotion by offering special discounts for consumers who use its mobile payment method in mainland China,…

[7.17] Ecommerce News You Should Know: LINE Thailand Acquired DGM59

July 17, 2017

Here’s what you should know today: 1. LINE expands with DGM59 acquisition LINE has acquired Thai-startup, DGM59 Co, to join its engineering development sources where it’s expected to enhance the capabilities of Line’s existing products. Previously,…

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